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ICRA reaffirms ratings assigned to KEI Industries’ bank facilities

13 Sep 2017

Credit ratings agency, ICRA has reaffirmed ‘A-’ rating assigned to the Long Term Bank Facilities availed by KEI Industries. This rating is applicable to facilities having tenure of more than one year. Facilities / Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such facilities / instruments carry low credit risk.

The ratings agency has also reaffirmed ‘A2+’ rating assigned to Short Term Bank Facilities availed by the company. This rating is applicable to facilities having tenure up to one year. Facilities / Instruments with this rating are considered to have strong degree of safety regarding timely payment / servicing of financial obligations. Such facilities / instruments carry low credit risk.

KEI Industries is a cable manufacturing company. It offers high and low tension cables, control and instrumentation cables, house wires and stainless steel wires, and high-technology specialty cables.

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KEI Industries Share Price

979.25 79.05 (8.78%) Sep 24, 18:01
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Peers
Company Name CMP
Polycab India 2409.40
KEI Industries 979.25
Sterlite Technologie 291.25
Finolex Cables 492.40
Universal Cables 167.60
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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